Economy
Refuting the ancient myth of overpopulation
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From LifeSiteNews
By Aidan Grogan
Recent findings decimate the Malthusian outlook and render advocacy of population control not only ill-informed and inexcusable, but frankly anti-human.
(American Institute for Economic Research) — Prince Philip once said, “In the event that I am reincarnated, I would like to return as a deadly virus, to contribute something to solving overpopulation.” The late Duke of Edinburgh passed away in 2021, but the hysterical sentiment he expressed about overpopulation lives on.
A YouGov poll found that overpopulation concerns are widespread among adults across the planet, with nearly half of sampled Americans believing that the world’s population is too high. This view is shared by 76 percent of Hungarians and 69 percent of Indians, according to the poll.
Overpopulation and ecological disasters have been the themes of numerous blockbuster movies, including ZPD (1972), Soylent Green (1973), Idiocracy (2006), and Elysium (2013). Mainstream news outlets have repeatedly promoted the apocalyptic idea to the public, with headlines such as “Science proves kids are bad for Earth. Morality suggests we stop having them” (NBC News). The progressive magazine Fast Company released a video titled “Why having kids is the worst thing you can do for the planet.”
The theory of overpopulation, and the collectivist idea that human reproduction must be limited, even by force, is nothing new. It first appeared in the ancient Mesopotamian Atrahasis epic, where the gods control the human population by infertility, infanticide, and appointing a priest class to limit childbirth.
Plato and Aristotle both endorsed a form of proto-eugenics and population control. In The Republic, Socrates and Glaucon conclude that an owner controlling the breeding of his dogs and birds to prevent their degeneration should also apply to the human species. The guardians would be tasked with deciding who is allowed to reproduce and who should be prohibited from having offspring. In the Politics, Aristotle advocated for state-mandated abortions of children with deformities or in cases where couples are having too many children and contributing to overpopulation.
The decline of Greek civilization in the second century BCE was not a consequence of an excess number of births, but precisely the opposite. Polybius attributed the downfall of Greece in his time to a decay of population which emptied out the cities and resulted in a failure of productiveness. It was not warfare and pestilence which reduced the birth rate, but decadence. The idle men of Greece, according to Polybius, were more interested in money and pleasure than marriage and child-rearing.
Two millennia later, English economist Thomas Malthus resurrected the old Mesopotamian myth with his 1798 An Essay on the Principle of Population. Malthus claimed that population growth increases geometrically while food production increases only arithmetically, which he believed would lead to widespread famine if the rapid propagation of humanity were not obstructed.
He identified two checks, one natural and one human-induced, which could keep population growth limited: preventive checks, such as delayed marriage or sexual abstinence, that stabilize the birth rate and evade the natural calamities of positive checks – famines, pestilences, earthquakes, floods, etc. – which represent nature’s striking back against the pressures of unhindered population growth.
Malthus preferred the former, but if unsuccessful, supported appalling and brutal depopulation measures. He suggested policies to “make the streets narrower, crowd more people into the houses, and court the return of the plague.” He also recommended banning “specific remedies for ravaging diseases.”
In 1859, Charles Darwin’s On the Origin of Species argued that species evolved gradually from a common ancestor. His follow-up The Descent of Man posited that humans descended from their ape-like past through a process of sexual selection that favored the stronger, more intelligent genes. Darwin said that his evolutionary theory “is the doctrine of Malthus applied with manifold force to the whole animal and vegetable kingdoms.”
READ: U.S. birth rate hit record low last year, signaling surge in childlessness
Darwin’s cousin, Francis Galton, used Darwin’s theory of evolution to develop eugenics – a pseudo-scientific theory that the human race could be improved through controlled breeding.
Subsidized by some of the largest philanthropic organizations in the United States, including the Rockefeller Foundation and the Carnegie Institution, eugenics was embraced by many leaders of the American progressive movement, who favored involuntary sterilization and immigration restriction.
Margaret Sanger, the founder of the American Birth Control League – later to be renamed Planned Parenthood – denigrated charity and referred to the poor as “human waste.” She and her companions considered several names for their movement, such as “neo-Malthusianism,” “population control,” and “race control,” before finally settling on “birth control.”
The eugenicists’ fervent collectivism and disregard for America’s founding principles affirming the inherent dignity and rights of every individual were best expressed through Madison Grant’s The Passing of the Great Race, in which he wrote:
Mistaken regard for what are believed to be divine laws and a sentimental belief in the sanctity of human life tend to prevent both the elimination of defective infants and the sterilization of such adults as are themselves of no value to the community. The laws of nature require the obliteration of the unfit and human life is valuable only when it is of use to the community or race.
Eugenics laws were implemented across the United States beginning with Indiana in 1907. By the Second World War, around 60,000 Americans had undergone sterilization.
In Britain, eugenics was enthusiastically championed by socialists such as John Maynard Keynes, George Bernard Shaw, and H.G. Wells. Keynes wrote an outline for a book called Prolegomena to a New Socialism, in which he listed “eugenics, population” as “chief preoccupations of the state.”
Eugenics – at least under that official title – began to fade after the harsh realities of the Holocaust were unveiled, but the Malthusian presuppositions which undergirded their movement never vanished.
Stanford biologist Paul R. Ehrlich’s 1968 book The Population Bomb re-invigorated the Malthusian craze for a new generation, predicting imminent worldwide famines and other catastrophes due to overpopulation. In the prologue, he wrote: “We can no longer afford merely to treat the symptom of the cancer of population growth; the cancer itself must be cut out. Population control is the only answer.”
That same year, a group of European scientists concerned about the future of the planet founded an NGO called the Club of Rome. Their first major publication, Limits to Growth (1972), attacked the pursuit of material gain and continuous economic expansion. Two of the Club of Rome’s most prominent members openly declared in their 1991 book The First Global Revolution that humanity is the real enemy:
In searching for a common enemy against whom we can unite, we came up with the idea that pollution, the threat of global warming, water shortages, famine and the like, would fit the bill… All these dangers are caused by human intervention in natural processes, and it is only through changed attitudes and behaviour that they can be overcome. The real enemy then is humanity itself.
At the time of the publication of Ehrlich’s doomsday book and the Club of Rome’s founding, the world’s population stood at 3.6 billion, and nearly half of people worldwide were living in poverty. Over the next five decades, the global population more than doubled to 7.7 billion, yet fewer than 9 percent of people remain in poverty today, and famines have virtually disappeared.
Ehrlich’s hypothesis was rejected by economist Julian Simon in his 1981 book The Ultimate Resource, in which he argued that a rising number of “skilled, spirited, and hopeful people” results in more ingenuity, less scarcity, and lower costs in the long run. In other words, the larger the human population, the greater the collective brain power our species may wield to innovate, overcome problems, and benefit everyone through increased abundance. The ultimate resource, according to Simon, is people.
Recent research from Gale L. Pooley and Marian L. Tupy has vindicated Simon’s optimistic view. For every one-percent increase in population, commodity prices tend to fall by around one percent. In the years 1980-2017, the planet’s resources became 380 percent more abundant.
These findings decimate the Malthusian outlook and render advocacy of population control not only ill-informed and inexcusable, but frankly anti-human. The ecological cataclysms predicted by Ehrlich and the Club of Rome haven’t come true. Nature hasn’t struck back against a rapidly increasing population in any manner anticipated by Malthus.
As former U.S. Department of Energy undersecretary for science Steven E. Koonin pointed out in his 2021 book Unsettled, U.N. and U.S. government climate data show the following: 1) humans have had no detectable impact on hurricanes over the past century, 2) Greenland’s ice sheet isn’t shrinking any more rapidly today than it was 80 years ago, and 3) the net economic impact of human-induced climate change will be minimal through at least the end of this century.
Pooley and Tupy, however, caution that population growth alone is not enough to generate what they term “superabundance,” as they titled their recent book. The innovation required to sustain an ever-increasing world population demands economic and personal freedom. Collectivism and central planning will only restrict the human ingenuity, ideas, and enterprises that will pave the way toward a brighter, more prosperous future.
It is certainly time to lay to rest Malthusian theory and the overpopulation hysteria it has aroused. We must avoid the cynical outlook on humanity which regards us as net destroyers, a viral pathogen ravaging the earth, and instead opt for the more positive – and true – vision of human beings and human destiny. We are net creators.
Reprinted with permission from the American Institute for Economic Research.
Business
ESG will impose considerable harm on Canadian workers, doesn’t reflect the reality of how markets actually work
![](https://www.todayville.com/wp-content/uploads/2024/08/tvrd-fi-esg-its-time-move-on-image-2024-08-27.jpg)
From the Fraser Institute
By Steven Globerman, Jack Mintz, and Bryce Tingle
The ESG movement—which calls for public companies and investors in public companies to identify and voluntarily implement environmental, social, and governance initiatives—will cause substantial harm to the economy and
workers, finds two new essays by the Fraser Institute, an independent, non-partisan Canadian public policy think-tank.
“Investor support for ESG is starting to wane, which isn’t surprising as the considerable harms ESG mandates pose come to light,” said Steven Globerman, resident scholar at the Fraser Institute and author of It’s Time to Move on from ESG.
The essay summarizes the arguments against imposing top-down ESG mandates. In particular, evidence shows that (1) ESG-branded investment funds do not perform better than conventional investment funds, (2) companies that proclaim to pursue ESG-related activities are not more profitable than companies that do not, and (3) mandating ESG-related corporate disclosures imposes additional costs on public companies and diverts resources away from productivity-enhancing investments, harming workers.
A separate new essay in the Institute’s series on ESG, Putting Economics Back into ESG written by Jack Mintz and Bryce Tingle of the University of Calgary, highlights how the current concept of ESG mandates being pursued in Canada are incompatible with basic economic theory and fail to understand how markets actually work. As a result, ESG mandates will (1) discourage new businesses from locating in Canada, (2) investors will be reluctant to invest in Canada, (3) Canadian companies will be less competitive than their international peers, (4) capital will leave Canada for jurisdictions without restrictive ESG mandates, and (5) economic growth will slow and workers will suffer as a result.
But these harms can be minimized if the definition of what constitutes ESG is expanded, securities commissions are not tasked with regulating ESG, but instead focus on ensuring market integrity, and if governments prosecute fraud in ESG branded funds, and likewise, governments impose liability for the use of ESG ratings, which have been found to be invalid and unreliable.
Crucially, both essays conclude that public policy objectives, such as those addressed by ESG initiatives, should be decided by and acted on by democratically elected governments, not private sector actors.
“There is no reason to believe that managers and business executives enjoy any comparative advantage in identifying and implementing broad environmental and social policies compared to politicians and regulators,” said Globerman.
“The evidence is clear—the private sector best serves the interests of society when it focuses on maximizing shareholder wealth within the confines of the established laws, not complying with top-down imposed ESG mandates that will harm the economy and ultimately Canadian workers.”
- The ESG movement calls for public companies and investors in public companies to identify and voluntarily implement environmental, social, and governance initiatives—ostensibly in the public interest.
- One school of thought supporting ESG is that doing so will make companies more profitable and thereby increase the wealth of their shareholders.
- However, academic research to date has failed to identify a consistent and statistically significant positive relationship between corporate ESG ratings and the stock market performance of companies.
- In fact, research instead suggests that adopting an ESG-intensive model might compromise the efficient production and distribution of goods and services and thereby slow the overall rate of real economic growth. Slower real economic growth means societies will be less able to afford investments to address environmental and other ESG-related priorities.
- The second school of thought is that companies, their senior managers, and their boards have an ethical obligation to implement ESG initiatives that go beyond simply complying with existing laws and regulations, even if it means reduced profitability. However, corporate managers and board members cannot and should not be expected to determine public policy priorities. The latter should be identified by democratic means and not by unelected private sector managers or investors.
- Given that there are indications that investor support for ESG is waning, it is apparent that the time has come for corporate leaders and politicians to acknowledge that it’s time to move on from ESG.
Authors:
Business
Canadian Conservatives look to gather support for bill banning a central bank digital currency
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From LifeSiteNews
Bill C-400, sponsored by Conservative MP Ted Falk, seeks to ensure that a central bank digital currency is never created and that Canadians will always be able to use physical cash in the settling of debts and other financial transactions.
Canada’s Conservative Party is looking to gather support for a bill that would outright ban the federal government from creating a central bank digital currency (CBDC) and make it so that cash is kept as the preferred means of settling debts.
The bill, dubbed the Framework on the Access to and Use of Cash Act, or Bill C-400, is sponsored by Conservative MP Ted Falk and already passed its first reading back in June of 2024. It is currently awaiting its second reading.
According to Falk, for “millions of Canadians,” notably “vulnerable folks in our population,” the use of “physical cash is essential to everyday life.”
“Likewise, charities, community organizations, and remote communities rely on cash to achieve their worthy goals,” he said while speaking of his bill.
“Finally, in a world where governments, banks, and corporations are increasingly infringing on the privacy rights of Canadians, cash remains the only truly anonymous form of payment.”
At its core, Bill C-400, if passed, would allow for a national framework to be made which would ensure that Canadians always have access to and can use cash. It would also amend Canada’s Currency Act to restrict the current finance minister’s ability to suddenly put out a call that all bank notes be recalled. Finally, the bill would amend the Bank of Canada Act to ban it from creating any form of digital dollar.
The bill also calls for ways to “incentivize businesses and creditors to accept payments made in cash,” as well as to “remove barriers and disincentives in relation to donations made in cash to non-profit organizations and community organizations without compromising efforts to curtail money laundering, fraud and other financial crimes.”
As previously reported by LifeSiteNews, an overwhelming majority of Canadians want the government and the Bank of Canada (BOC) to “leave cash alone” and not proceed with the creation of a so-called “digital dollar.” The feedback came after the BOC launched a public survey to gauge Canadians’ taste for a digital dollar.
Despite the bill before Parliament and the survey, as previously reported by LifeSiteNews, the BOC has already forged ahead by filing a trademark for a “digital” buck.
Conservative leader Pierre Poilievre has before promised that if he is elected prime minister come the next election, he would stop any implementation of a “digital currency” or a compulsory “digital ID” system.
As recently as a week ago he posted on X about protecting “cash.”
“Ban central bank digital currency, protect your freedom to use cash, and get the government out of your wallet. Proud to support @MPTedFalk‘s common sense Conservative Bill C-400 to protect the privacy & freedom of Canadians,” Poilievre wrote.
Ban central bank digital currency, protect your freedom to use cash, and get the government out of your wallet.
Proud to support @MPTedFalk's common sense Conservative Bill C-400 to protect the privacy & freedom of Canadians.https://t.co/NeqCsSS5fh pic.twitter.com/ft21ISLKdC
— Pierre Poilievre (@PierrePoilievre) August 12, 2024
Digital currencies have been touted as the future by some government officials, but, as LifeSiteNews has reported before, many experts warn that such technology would ultimately restrict freedom and be used as a “control tool” against citizens similar to China’s pervasive social credit system.
Prominent opponents of CBDCs have been strongly advocating that citizens use cash whenever possible and boycott businesses that do not accept cash payments as a means of slowing down the imposition of CBDCs.
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